This morning, all three major U.S. stock indexes closed lower, with Marvell falling more than 10% and NVIDIA down 4.57%.

The U.S. Commodity Futures Trading Commission (CFTC) ordered former White House teleprompter operator Gabriel Perez on Friday to pay a $172,539 fine for illegal trading on a prediction market platform, leveraging advance access to Donald Trump’s speech content. Per the settlement reached with the CFTC, Perez is required to disgorge $107,539.02 in illegal profits and pay a $65,000 civil penalty. He also agreed to a three-year trading ban, and has promised to cease and desist from violating the Commodity Exchange Act and CFTC regulations. The CFTC stated that between December 2025 and February 2026, while employed at the White House, Perez traded Trump "mention market" contracts on the Kalshi platform. These are event-based contracts, with payouts determined by whether the president uses specific words or phrases in his speeches.

According to GMGN market data, today’s meme coin market continues to rotate across multi-chain hotspots, with assets on Robinhood Chain, Solana, and BSC hitting new all-time highs. Unlike recent days when a single leading coin drove market sentiment, today’s capital is more focused on switching between high-recognition narratives and high-volume assets, with short-term meme trading remaining highly active. On Robinhood Chain, Artificial Inu (AI) continues its rally, once hitting an all-time high with a peak market cap of around $123 million. The meme coin is currently trading at ~$0.0946, boasting a market cap of ~$93.9 million, up ~24.3% in 24 hours, and a 24-hour trading volume of ~$26.2 million. Separately, Robinhood Chain’s PONS also hit a new all-time high, with a peak market cap of ~$158 million. It is now trading at ~$0.147, with a market cap of ~$148 million, up ~29.4% in 24 hours, and a 24-hour trading volume of ~$15.3 million. On the Solana network, fone maintains high trading activity, once hitting an all-time high with a peak market cap of ~$38.7 million. The meme coin is currently at ~$0.0293, with a market cap of ~$29 million, up ~7.6% in 24 hours, and a 24-hour trading volume of ~$51.9 million. Meanwhile, Solana’s neet also broke its all-time high, with a peak market cap of ~$42 million. It is now trading at ~$0.0413, with a market cap of ~$41.3 million, and a 24-hour trading volume of ~$1.2 million. Neet stands for Not in Employment, Education, or Training, with its narrative centered on the "NEET" internet culture. On the BSC network, Lobster also hit a new all-time high, with a peak market cap of ~$65 million. The meme coin is currently trading at ~$0.0637, with a market cap of ~$63.7 million, up ~87.3% in 24 hours, and a 24-hour trading volume of ~$8.1 million.

U.S. President Donald Trump signed an executive order launching the process to establish the "United States Space Academy", stating that the academy will serve the U.S. Space Force, NASA, and the civilian space industry simultaneously. Modeled after military academies such as West Point and the U.S. Naval Academy, it aims to "attract, train, and graduate America's top talents". Trump noted that the academy's location will be announced at a later date, and hinted that Texas Senator Ted Cruz has lobbied to have it based in Texas. He also emphasized his space strategy, including creating the Space Force during his first term and a planned Mars mission in 2028 that will deploy a nuclear-powered interstellar spacecraft. (Jinshi)

Beating AI Express News reports that Federal Reserve Chair Kevin Warsh focused on artificial intelligence in his speech at the Jackson Hole Symposium, describing current AI development as a "historic turning point" whose progress has outpaced even the most optimistic forecasts from years ago. Warsh noted that corporate capital expenditure is growing at its fastest pace since 2021, with an approximate 9% increase over the past four quarters, more than half of which is tied to AI infrastructure. Going forward, he will focus on the "second-order change" in AI-related capital expenditure growth – namely, whether the growth rate will continue to accelerate. Warsh added that the annualized token sales of two leading AI companies now exceed $100 billion, a more than 500% increase from a year ago. He stated that the Federal Reserve views AI as "a new variable" that could become a new factor of production, with its development impacting economic growth and monetary policy formulation. Warsh also raised unresolved questions: whether AI can drive sustained productivity gains, whether token usage is complementary or competitive with labor, and which entities will ultimately capture the economic surplus generated by AI – AI labs, chipmakers, energy suppliers, or cloud service providers.

According to Onchain Lens, the wallet linked to Bitwise’s BHYP Hyperliquid ETF has staked approximately $74.9 million worth of HYPE. The address recently delegated an additional 188,790 HYPE tokens, valued at around $15.19 million, roughly two hours ago. The relevant on-chain address is 0x6183AeCb22b09b4CB167F2B42C611243C7E74318.

According to Onchain Lens monitoring, over the past several months, four wallet addresses have collectively withdrawn 675,000 HYPE tokens from Coinbase, valued at approximately $53.92 million, then transferred the funds to Hyperliquid for staking. Currently, the total value of HYPE staked by these four wallets exceeds $50 million. The relevant addresses are: 0xc0f5Cf95FE2152DDfd2867907800052C2B5Dba470, 0x193842c58A6ba8B1cBfD573CD35421a92a5cf2190, 0xd78F0921d88C22d74Bc776D82B7f057893e308Fc, 0xA2c5D94c46d4e24Def674734F035aef73450E7b7.